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Carillion, Balfour mulling $5.1bn merger deal

: Sunday, July 27 - 2014 @ 06:40

UK-based support services and construction firm, Carillion, is considering to capitalise on its successes with a possible £3bn ($5.1bn) merger with infrastructure firm Balfour Beatty, Reuters has reported. A merger between the two firms, which both employ around 40,000 people worldwide, could create a construction giant able to compete with players such as Spanish-listed Ferrovial and France’s Vinci. Carillion, which maintains British railways, roads and military bases, said in March that it planned to diversify its facilities management or support services business into sectors such as oil, power distribution and highways maintenance. It currently operates in Britain and Ireland, Middle East and North Africa and Canada.

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Sunday, July 27- 2014 @ 6:40 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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